This page contains the economic licence for Heathrow Airport, details of modifications to the licence and documents related to our licensing of the airport.
We have powers under the Civil Aviation Act 2012 for the economic regulation of airport operators that pass the market power test in the Act. In February 2014 we granted a licence to Heathrow Airport Limited (HAL). The licence includes a price control on airport charges for the period 1 April 2014 to 31 December 2018.
The licence, an operator determination, our notice granting the licence and supporting documentation, and documents relating to our licensing of HAL are below:
Modifications to the licence
Licence conditions can be modified in two ways:
Details of modifications are shown on our public register:
Proposed modification under section 22 of the Civil Aviation Act 2012 - for calculation of inflation adjustment to development capex:
HAL is obliged to produce an operational resilience plan under its licence. Documents relating to this requirement are below:
HAL is required to produce regulatory accounts under its licence. The regulatory accounts have to be produced in conformity with regulatory accounting guidelines published by us. The latest guidelines are below:
HAL's licence contains triggers on the completion of capital projects. Documents relating to the triggers are below:
HAL pays rebates to airlines if its service quality does not reach specific standards. It also receives bonuses for out-performance. Details of its performance against the standards is on its website. Documents relating to service quality at Heathrow in recent years are below: